Part 2/12:

At the heart of the controversy is Disney’s announcement of a three-year licensing agreement with OpenAI, which includes a hefty $1 billion equity investment in the AI company. Disney's CEO, Bob Iger, highlighted the strategic importance of this move during an interview with CNBC, emphasizing that Disney recognizes the rapid growth of AI and sees it as a vital component of its long-term business vision.

Iger expressed confidence that OpenAI would respect and honor Disney’s content, asserting that the partnership allows Disney to participate actively in shaping AI’s future in entertainment. Details about the precise terms of the deal, especially the safeguards for content creators, remain murky, but industry insiders and creators are demanding transparency and accountability.